NEW YORK (dpa-AFX) - U.S. investment bank Morgan Stanley upgraded Allianz to "overweight" from "equal-weight" and raised its price target to 248 euros from 205 euros. Analyst Ashik Musaddi takes an optimistic view on the insurance sector in 2023 in an industry report published Monday. The expert expects strong pricing and improved revenue trends to overshadow the effect of inflation and accounting changes. His "top picks" are Axa and, more recently, Prudential. At Allianz, he acknowledges that the group is addressing concerns around regulatory impacts and the capital situation./tih/ck

Publication of original study: 09.01.2023 / 04:00 / GMT First disclosure of original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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